The Village of Lake Villa has announced its acquisition of the former Pleviak
Elementary School property, along with several nearby parcels of land, from
Lake Villa School District 41. This move paves the way for a redevelopment
project aimed at revitalizing the Village’s downtown core business district.
The properties, located at 304 E. Grand Avenue and nearby parcels at the
northwest corner of Milwaukee Avenue (Rt. 83) and Grand Avenue (Rt. 132), will
be transferred to the Village from School District 41. This transfer allows
for strategic planning and redevelopment that aligns with the needs of Lake
Villa residents.
“This partnership is a great example of how intergovernmental cooperation can
lead to better outcomes for our residents and reflects our shared commitment
to building a stronger future for Lake Villa,” said Mayor James McDonald.
“By working together with the School District, we are making it possible to
> turn a dormant site into a vibrant, active space that contributes to our> downtown economy, provides new amenities, and enhances the quality of life> for our residents.
With this acquisition, the Village plans to market the site and pursue
> development that enhances downtown activity, boosts the local economy, and> creates a more walkable, connected community.
> Ideas under consideration include> mixed-use developments with restaurants, retail shops, office space, and> potentially community gathering areas.
Any proceeds from future sales will be shared between parties involved: 80%
> returned to support educational priorities by School District 41 while 20%> retained by covering redevelopment expenses such as environmental studies,> legal fees among others by The village itself .
> “Partnering with The village on determining best utilization practices over> Pleviak property proves practical solution” said President Michael Conway &> Vice President Kurt Hansen in joint statement representing board members .
> “Agreement ensures interest alignment benefiting entire community collaboratively” they added further .
